US Futures Lower As Possible Russia Sanctions Overshadow Corporate Earnings

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US stocks were poised to open down on Monday as European leaders this week will consider more sanctions against Russia over its role in the Ukraine crisis, possibly putting a damper on economic growth.

In equities, Reynolds America ( RAI ), which last week said it will acquire Lorillard ( LO ) for $27.4 billion, was lower over 2% in recent pre-market trade after a Florida jury ordered the company to pay $23.6 billion to the widow of a longtime smoker who died of lung cancer. EMC ( EMC ) was higher nearly 5% before the bell amid lobbying by Elliot Management to break up the company.

In economic data out this week, Tuesday will bring the June consumer price index, seen slowing down to a 0.3% gain from a 0.4% gain in May. There will also be a number of housing data points out, including the FHFA house price index for May and existing home sales for June out on Tuesday and the new home sales figures for June out on Thursday.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.22%

-S&P 500 futures down 0.21%

-Nasdaq 100 futures down 0.08%

-Nasdaq-100 Pre-Market Indicator down 0.04%

GLOBAL SENTIMENT

Nikkei down 1.01%

Hang Seng down 0.29%

Shanghai Composite up 0.10%

FTSE-100 down 0.24%

DAX-30 down 0.71%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(+/-) Chip stocks: mixed

(-) Software stocks: unchanged to lower

(+) Hardware stocks: unchanged to higher

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(-) Financial stocks: unchanged to lower

(-) Retail stocks: unchanged to lower

(-) Industrial stocks: unchanged to lower

(+/-) Airlines: mixed

(-) Autos: lower

UPSIDE MOVERS

(+) EXTR (+13.0%) Posts preliminary fiscal Q4 results above views

(+) AKS (+2.3%) Buys Severstal Dearborn for $700 million in cash

(+) CTIC (+7.3%) Israel Ministry of Health approves Pixuvri for B-Cell Non-Hodgkin Lymphoma

(+) CBSO (+1.4%) Buys outdoor ad business from Van Wagner for $690 million

(+) HAL (+0.7%) Boosts buyback program; Q2 EPS meets views

(+) BBRY (+0.9%) Names Marty Beard as COO

(+) NFLX (+1.8%) To report earnings after Monday market close

(+) TWX (+0.1%) FOXA may sell Sky assets to boost bid for co

DOWNSIDE MOVERS

(-) HAS (-1.2%) Misses in Q2 revenue, meets on earnings

(-) CPB (-1.0%) Warns 2015 growth may fall short of long-term targets

(-) YUM (-1.8%), MCD (-0.7%) Halts meat purchases in China from Shanghai-based firm

(-) PHG (-2.7%) Posts Q2 EPS beat, misses on revenue



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: RAI , LO , EMC

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